China’s Didi Chuxing said it was looking to bring its ride-hailing service to Taiwan via a local franchise partner, potentially marking its first expansion across waters as it looks to take on US rival Uber Technologies.
Didi Chuxing in a statement said it has authorised franchisee operator LEDI Technology to conduct market research and explore community partnerships in Taiwan.
“Together we hope to bring convenient, efficient and affordable ride services to the local community and create more income opportunities. There is no definitive timeline at this moment,” Didi said.
Didi’s investors include Apple Inc, SoftBank Group Corp and Alibaba Group Holding Ltd. It was valued at over US$50 billion earlier this year, making it the second-most-valuable venture-backed private firm behind Uber.
Taiwan would be Didi’s first destination outside the Chinese mainland and Hong Kong. However, it has invested in Uber rivals globally, including US-based Lyft, Brazil’s 99, India’s Ola, Singapore’s Grab, Estonia’s Taxify and the Middle East’s Careem.
